China Targets Tax Dodges by Sellers on Amazon, E-Commerce Sites
PositiveArtificial Intelligence

In a notable crackdown on tax evasion, Chinese tax authorities have ordered e-commerce giants like Amazon.com Inc. to submit sales data, marking a first in their regulatory approach. This initiative is part of a broader strategy to enhance oversight of cross-border business activities conducted through online platforms. The move underscores China's commitment to tightening regulations in the digital economy, ensuring that merchants adhere to tax obligations. As e-commerce continues to grow, such measures are crucial for maintaining fair competition and generating government revenue.
— via World Pulse Now AI Editorial System

